Two Stocks On The Opposite Ends Of ASX Ladder – BIN, EHL

  • May 03, 2019 AEST
  • Team Kalkine
Two Stocks On The Opposite Ends Of ASX Ladder – BIN, EHL

Investors may keep a close watch on the following stocks that are trading on the opposite edges of the Australian Stock Exchange.

Bingo Industries Limited

A waste management company based in Australia, Bingo Industries Limited (ASX: BIN) is engaged in providing solutions across the entire waste management supply chain of the country. It is an integrated recycling and resource management company that pushes for a waste-free Australia.

The company has recently updated the market on its Dial a Dump Industries (“DADI”) acquisition. The DADI acquisition got formally completed in March 2019 while the integration of two businesses is still underway and is expected to take up to two years. In February, the company received a clean chit from the Australian Competition and Consumer Commission’s (ACCC) over the acquisition.

Bingo announced its half-year results for the period ending 31st Dec 2018 on 26th Feb 2019. The company reported substantial net revenue growth to $178.7 million, up by 25.4 per cent Y-o-Y basis. The EBITDA of the company increased by 4.1 per cent to $45.6 million during the period.

The company’s stock closed higher today at AUD 1.780 (on 3rd May 2019), up by 2.594% in comparison to the previous day’s market price. The stock revived from the fall it experienced on 2nd May 2019. Around 4.4 million shares were in trade today, and 661.13 million shares were outstanding. The market capitalisation of the company stands at AUD 1.15 billion.

Emeco Holdings Limited

Founded in 1972, Emeco Holdings Limited (ASX: EHL) deals in renting, selling and maintaining heavy earthmoving equipment to customers in the mining sector. The company owns two companies - Force Equipment and Matilda Equipment.

The company recently made public an Investor Conference Presentation in which the company highlighted its long-term value creation model, recent asset purchases, financial results and its capabilities. The company mentioned that it is having a strong rental demand for its equipment.

The company released its financial report for the half year ending 31st December 2018 previously. During the period, the company delivered growth in its earnings, improvement in margins, increasing utilisation and reduction in leverage. The company achieved a net profit after tax of $11,972,000 and total revenue of $224,258,000. The operating EBITDA of the company increased by 53.4 per cent to $102.8 million in comparison to the $67.0 million EBITDA in 1H18.

The company’s stock ended lower today at AUD 2.070 on 3rd May 2019, down by 2.358% as compared to the previous day’s stock market price. About 1,224,861 number of shares exchanged hands today, and 323.21 million shares were outstanding. The 52-week high and low value of the stock was AUD 4.050 and AUD 1.775 respectively. The company’s market capitalisation stands at AUD 685.21 million. The company’s stock has delivered a positive growth of 5.47 per cent in terms of YTD while a negative growth of 33.75 per cent during the six months period.


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